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WINMARK CORP·4

Apr 28, 4:39 PM ET

Gaudette Renae M. 4

4 · WINMARK CORP · Filed Apr 28, 2026

Research Summary

AI-generated summary of this filing

Updated

Winmark (WINA) COO Renae M. Gaudette Exercises Options

What Happened

  • Renae M. Gaudette, Chief Operating Officer of Winmark Corp (WINA), exercised derivatives (option exercise, code M) that resulted in an acquisition of 2,500 shares at $98.25 per share for $245,625. The filing also reports a concurrent disposition of 2,500 shares at the same price/value ($245,625). The filing lists both an acquisition and a disposition on 2026-04-28; this pattern often reflects a partial sell-to-cover or cashless exercise.

Key Details

  • Transaction date: 2026-04-28
  • Acquired: 2,500 shares at $98.25 each (total $245,625)
  • Disposed: 2,500 shares at $98.25 each (total $245,625)
  • Transaction type: M = exercise or conversion of derivative (options)
  • Footnote: F1 — "25% per year for four years" (filing indicates a 25% per year vesting schedule over four years)
  • Shares owned after the transaction: not specified in the provided filing excerpt
  • Filing timeliness: filed on 2026-04-28 for a 2026-04-28 transaction (appears timely; no late filing flag shown)

Context

  • For retail investors: option exercises followed by immediate sales (or disposals) are often procedural — commonly done to cover exercise costs, taxes, or to take some cash off the table — and do not necessarily signal a change in the insider’s view of the company.
  • The filing’s footnote suggests remaining interest vests over four years (25% per year), which is relevant if some shares remain subject to vesting.

Insider Transaction Report

Form 4
Period: 2026-04-28
WINMARK CORPWINA
Gaudette Renae M.
CHIEF OPERATING OFFICER
Transactions
  • Exercise/Conversion

    Common Stock

    2026-04-28$98.25/sh+2,500$245,625→ 21,360 total
  • Exercise/Conversion

    Employee Stock Option (right to buy)

    [F1]
    2026-04-28$98.25/sh−2,500$245,625→ 0 total
    Exercise: $98.25From: 2017-06-01Exp: 2026-06-01→ Common Stock (2,500 underlying)
Holdings

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $125.50From: 2017-12-12Exp: 2026-12-12→ Common Stock (2,500 underlying)
    2,500

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $122.50From: 2018-06-01Exp: 2027-06-01→ Common Stock (2,500 underlying)
    2,500

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $134.25From: 2018-12-11Exp: 2027-12-11→ Common Stock (2,500 underlying)
    2,500

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $143.20From: 2019-06-01Exp: 2028-06-01→ Common Stock (3,000 underlying)
    3,000

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $156.00From: 2019-12-11Exp: 2028-12-11→ Common Stock (3,000 underlying)
    3,000

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $164.84From: 2020-06-01Exp: 2029-06-01→ Common Stock (3,000 underlying)
    3,000

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $176.20From: 2020-12-16Exp: 2029-12-16→ Common Stock (3,000 underlying)
    3,000

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $143.87From: 2021-06-01Exp: 2030-06-01→ Common Stock (3,500 underlying)
    3,500

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $183.87From: 2021-12-14Exp: 2030-12-14→ Common Stock (3,500 underlying)
    3,500

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $195.82From: 2022-06-01Exp: 2031-06-01→ Common Stock (3,500 underlying)
    3,500

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $261.32From: 2022-12-13Exp: 2031-12-13→ Common Stock (3,500 underlying)
    3,500

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $197.80From: 2023-06-01Exp: 2032-06-01→ Common Stock (4,480 underlying)
    4,480

  • Employee Stock Options (Right to Buy)

    [F1]
    Exercise: $238.60From: 2023-12-12Exp: 2032-12-12→ Common Stock (2,520 underlying)
    2,520

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $325.99From: 2024-06-01Exp: 2033-06-01→ Common Stock (2,000 underlying)
    2,000

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $355.90From: 2025-06-01Exp: 2034-06-01→ Common Stock (1,740 underlying)
    1,740

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $400.97From: 2025-12-09Exp: 2034-12-09→ Common Stock (1,580 underlying)
    1,580

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $424.82From: 2026-06-01Exp: 2035-06-01→ Common Stock (1,448 underlying)
    1,448

  • Employee Stock Option (right to buy)

    [F1]
    Exercise: $444.54From: 2026-12-15Exp: 2035-12-15→ Common Stock (1,316 underlying)
    1,316
Footnotes (1)
  • [F1]25% per year for four years.
Signature
/s/ Renae M Gaudette|2026-04-28

Documents

1 file
  • 4
    form4-04282026_080424.xmlPrimary